The Distinction Between an Infinite Customer Population and a Finite

question 95

Multiple Choice

The distinction between an infinite customer population and a finite customer population is

• A) whether the potential number of customers is appreciably affected by the number of customers already in the system.
• B) whether the number of potential customers exceeds the square of the number of servers.
• C) whether the number of potential customers exceeds the number of servers raised to the power of the number of channels.
• D) if the number of customers exceeds infinity.

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Definitions:

Representativeness

A cognitive bias in decision making where the likelihood of an occurrence is evaluated based on how similar it is to stereotypes or typical cases.

Anchoring Bias

A mental shortcut in which a person gives disproportionate weight to the first piece of information they receive (known as the "anchor") during decision-making processes.

Anchoring And Adjustment

Anchoring and adjustment is a cognitive bias in decision-making where an initial piece of information, the "anchor," heavily influences subsequent judgments and adjustments.

Creativity

The use of imagination or original ideas to create something; inventiveness.